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<h1>Claim of credit treatment: credits adjudicated under prior law refunded in cash and barred as input tax credit.</h1> Claims and recoveries relating to credit under the law before the appointed day must be disposed of under the earlier law. Admissible credits on appeal or review are to be refunded under the earlier law and are not admissible as input tax credit under the new Act; no refund is allowed where the balance was carried forward under the new Act. Credits found recoverable are to be recovered as an arrear of tax under the new Act and are likewise not admissible as input tax credit.
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